| Three Months Ended September 30, | Six Months Ended September 30, | ||||||||||||||
| 2023 | 2022 | 2023 | 2022 | ||||||||||||
| Net income, as reported | $ | 666.6 | $ | 546.2 | $ | 1,333.0 | $ | 1,053.4 | |||||||
| Share-based compensation expense | 45.4 | 41.3 | 89.9 | 82.5 | |||||||||||
| Other adjustments | 0.8 | 0.9 | (0.1 | ) | 1.7 | ||||||||||
| Professional services associated with certain legal matters | 0.3 | 2.3 | 0.8 | 3.2 | |||||||||||
| Amortization of acquired intangible assets | 151.4 | 167.5 | 302.9 | 335.1 | |||||||||||
| Special charges (income) and other, net | 1.8 | 4.3 | 3.5 | (12.6 | ) | ||||||||||
| Loss on settlement of debt | 3.1 | 2.1 | 12.2 | 8.3 | |||||||||||
| Non-cash other expense, net | — | — | — | 0.1 | |||||||||||
| Other non-GAAP tax adjustment | 19.9 | 49.8 | 52.4 | 109.9 | |||||||||||
| Non-GAAP net income | $ | 889.3 | $ | 814.4 | $ | 1,794.6 | $ | 1,581.6 | |||||||
| GAAP net income as a percentage of net sales | 29.6 | % | 26.3 | % | 29.3 | % | 26.1 | % | |||||||
| Non-GAAP net income as a percentage of net sales | 39.4 | % | 39.3 | % | 39.5 | % | 39.2 | % | |||||||
| Diluted net income per common share, as reported | $ | 1.21 | $ | 0.98 | $ | 2.42 | $ | 1.88 | |||||||
| Non-GAAP diluted net income per common share | $ | 1.62 | $ | 1.46 | $ | 3.26 | $ | 2.82 | |||||||
| Diluted common shares outstanding, as reported | 549.2 | 558.3 | 550.3 | 559.9 | |||||||||||
| Diluted common shares outstanding non-GAAP | 549.2 | 558.3 | 550.3 | 559.9 | |||||||||||
Microchip Technology Announces Financial Results For Second Quarter of Fiscal Year 2024
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RECONCILIATION OF GAAP NET INCOME AND GAAP DILUTED NET INCOME PER COMMON SHARE TO NON-GAAP NET INCOME AND NON-GAAP DILUTED NET INCOME PER COMMON SHARE
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